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Linc Energy sells Aussie coal royalty rights

India's Adani Group to pay A$155m in cash in two instalments

ENERGY exploration and production firm Linc Energy has agreed to sell its royalty deed for the Carmichael coal mine to Adani Group for A$155 million (S$180 million) in cash.

The group had earlier said that the royalty contract would generate about A$133 million a year in revenue.


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